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20110729
20110729
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FOXNEWS 19
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Search Results 0 to 18 of about 19 (some duplicates have been removed)
and that could seem like a big hit, but close to 97 points today, but obviously celebrated by day's end but with the losses here, we are battling reaction to not only no progress on talks in washington, but not much good news on the economy, in general, with more indications of that from a hot -- host of companies including merck laying off 13,000. and at 6:00 p.m. eastern, we are waiting for two hours when the house of representatives will take up the boehner measure. that is the measure that will include a balanced budget amendment to make it more palatable for conservative members who did not quite fine it their cup of tea. the tea partyers were not fond of it and even if john boehner gets the vote what happens after that? harry reid has all but said he will table it, and it is not going anywhere, and he has his own plan in the senate which will be introduced this weekend, which is not palatable to all of his members and may not make the 60 vote he needs and after the senate would not get any support in the house of representatives. so we are at loggerheads. reaction from republican
of the year, you guys are making too big of a deal out of theist guys freshman elected in a wave election like lots of people who have spoiled them. they have been spoiled apparently. >> laura: what's the end game. >> the election, perhaps. >> laura: if, in fact, we see -- we have already seen 480 point market drop, if this thing doesn't go through. if, in fact, we push this issue of raising the debt ceiling off and it goes into next week, most people think the markets are going to continue to go down and, perhaps, collapse. we don't know but people are worrying about that if that happens and. >> who profits? >> laura: who profit. who is going to believe that moderate democrats and moderate republicans aren't going to say, boehner cut the best deal you can. we have got to staunch the bleeding here. >> this is what has made bed fellows with boehner and president obama. president obama has been saying if this goes down if we fail to strike a deal, this is going to be a tax hike on every american. >> laura: ed, finally with you, do you see this playing out in any way that advances the tea party y
is at the white house for us. first though mike emanuel is live on capitol hill. big question now. what changes, mike, did the speaker have to make to get the votes that he needed on this? >> harris, bottom line he put in a balanced budget amendment proposal that was the key for some conservative republicans who weren't quite comfortable with the speaker's plan. got him to the 218 votes necessary. but before the votes were cast, here is some of the speaker's passionate plea to his fellow republicans. >> this house has acted. it is time for the administration and time for our colleagues across the aisle put something on the table. tell us where you are. [cheers] >> and indeed that has been a rallying cry of republicans here on capitol hill. where is your plan, mr. president? where is your plan, senate democratic leadership? as for the senate democratic leadership what they don't like about it is the balanced budget amendment among other things but that is a key sticking point. take a listen. >> now the speaker has brought in the requirement to extend the debt ceiling we have to amend the constit
to be a big divide. how do you tweak that to make the two of them happy? that might be a tall order. i can't think what would make the tea party satisfied with this bill, but balanced budget amendment? >> right. there has within talk around here unconfirmed that that is the sweetener being added to the boehner bill, a balanced budget amendment. but really this is an extraordinary evening in an extraordinary episode, greta, one that political scientists will be studying for 50 years or more. we watch both divided government at its most dysfunctional. and a president who to many observers appears to be side lined for the time being as -- congressional leaders work behind closed doors to hammer this out and deep divisions whereby a powerful speaker john boehner is having difficulty coralling votes he needed. remember he lost 59 republican votes. you have this large freshman class, 80 members, a lot backed by the tea party and elected here to, on a promise of cutting spending and take one exyampem. tim scott from south carolina was one of two freshman for the first time ever given a seat at th
. the boehner bill has capped on the spending so that seems to be a big divide. how do you tweak that to make the two of them happy? that might be a tall order. i can't think what would make the tea party satisfied with this bill, but balanced budget amendment? >> right. there has within talk around here unconfirmed that that is the sweetener being added to the boehner bill, a balanced budget amendment. but really this is an extraordinary evening in an extraordinary episode, greta, one that political scientists will be studying for 50 years or more. we watch both divided government at its most dysfunctional. and a president who to many observers appears to be side lined for the time being as -- congressional leaders work behind closed doors to hammer this out and deep divisions whereby a powerful speaker john boehner is having difficulty coralling votes he needed. remember he lost 59 republican votes. you have this large freshman class, 80 members, a lot backed by the tea party and elected here to, on a promise of cutting spending and take one exyampem. tim scott from south carolina was one o
browne. what's coming up on the toe? >> public servants have being served up big bucks by those they serve. who is being served oserviced? and don't you hate how hard it is to stalk your exor keep tabs on your current love? what three -- what are they doing in that bar? there is an app for that. and should anonymity be banned on the internet? 9 out of 10 voters say no. andy? >> thanks, patti ann. let's welcome our guests. i am here with dye anne ma -- macedo. -- her name is portuguese for she is is on business news. ann coulter, columnist and author. her latest book is called "demonic" and a book of exer civil frtz demon's point of view. and he is on late knitel vision, and so andy richter couldn't be here, and so we have bill shultz. it is word play, people, you can't beat it. >> hi, pinch. > you are not that fake ombudsman, are you? they may help with your endeavor. they say to works on yorks o face, oh for outraged. >> are you not welcome. >> are you not welcome. >> too short. >> get him off my screen. >> they reaped financial gain while arousing disdain. i speak for congress
you know them as three doors down, they've had all kinds of platinum records and big time hits. they'll be performing live on our concert stage out on the plaza today. and of course, famous dave's cooking up barbecue all morning long so if you're in the neighborhood, stop by 48th and sixth avenue, not a free concert but free breakfast and you might meet clayton morris. >> if you're lucky. i won't make any promises. friends e-mailed me last night, three doors down, huge fans. >> that could be three drawers down baseed on that guy in the video. he was in his drawers. that's a wake-up call. that guy in his drawers as well as your headlines this morning. he didn't want to kill terrorists in afghanistan perhaps because he wanted to kill americans right here at home. awol soldier may have been inspired by al-qaida cleric copycat to the ft. hood massacre, they are checking into that following his arrest and confession that he wanted to, "get even" with the army allegedly plotting two attacks near the base. the suspected gunman in the original attack had direct contact with awlaki. yesterday
. they think in the long run it will be effective in a big debate like this. bret? >> bret: ed, thank you. stocks were again down today to close what was the worst week in a year. the dow dropped 97, the s&p 500 gave back 8 1/3, the nasdaq dropped 10. fuel to the fire in the debt ceiling debate. peter barnes breaks down the number. >> high gas prices and weak income gains for workers have the economy growing at its slowest six-month pace since the economic recovery began early last year. the government said today that gdp grew at just a 1.3% annual rate in the second quarter, well below expectations. but the shocker was a huge downward revision of the number for the first quarter. growth originally clocked in at 1.9%, but now the government says it grew at just .4 of a president. for the president, the numbers were too bad to ignore, even as he pressured republicans to cut a deal with him on the debt ceiling to help the econom >> on a day when we've been reminded how fragile the economy already is, this is one burden we can lift ourselves. we can end it with a simple vote. >> the administ
. consumers are certainly cutting back, sales of big ticket items like cars and appliances tumbling more than 4%, and that's really effecting our economic growth. we're going to be talking more about this throughout the show today. >>> so that's our first headline but one of many as we start off this friday morning. hi, everybody, i'm jenna lee. jon: and i'm jon scott. dramatic new developments in that debt standoff in washington, and we are all over them. president obama speaking just moments ago urging republicans and democrats to reach some kind of compromise. he's warning the u.s. will lose its top credit rating if it falls into an unprecedented default. jenna: and it could lose that rating anyway. that's something we've been hearing a lot this week, that despite some of the decisions made in d.c., we could still see a downgrade. now, the political standoff as we know it is escalating this hour. a senior gop official, a house aide, i should say, telling fox news that house republicans will pass their debt plan today. we thought that yesterday. we'll see if it happens today. a bill that se
. >> is this as big as wanted to go? heck, no. we ran and going bigger. but this is the only proposal on the table that accomplishes the goals we set out to do. martha: that defines what's going on. duffy says he will vote for the bill because he believes it's the best one out there. bill: if you were able to follow everything last night in the house. in the senate some conservative republicans are not supporting the deal boehner has on the table. kentucky senator ranlds paul talking with sean hannity ex -- nor rand paul explaining why he would vote against the boehner plan. >> it will add $7 billion to the debt. it doesn't change the course we are on. if we froze spending. if we didn't spend any more money next year than we spent this year. washington would count that as a $9.5 trillion cut. why? because we are going to add $9.5 trillion to the debt. when they tell you they are going to cut a trillion, it's from proposed increases in the debt. it isn't meaningful. bill: paul says there are perhaps as many as 14 republican senators who will vote no on the boehner debt deal fit makes it out of the
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, corporate and other taxes, but the bills are quickly piling up. this is a list of the big payments due in the next few weeks. the biggest is social security which medicare close second. under the worse case scenario treasury officials say they have to decide which bills to pay and which not to pay. gerri from the fox business network is here. so, how close are we to running out of money, $73 billion? >> the treasury department has said we go broke august 2nd, the drop dead date according to them but the reality is over the course of august, we will have some $172 billion coming in, and it should be enough to pay interest on the debt of $29 billion and social security payments of $49 billion. but experts who watch this say you know what? the pedal will hit the metal august 8th when we could default. >> market is down 53 points right now. it seems to be shrugging this off. >>guest: yes, it is shocking, really, the market seems to be confident here, and maybe some kind of credit rating downgrade is already baked into the pie and gold is up, that is where people go when they are nervous or
our treasury debt to anyone who wants it. that is the big question whether they will be able to do that. we're told at this meeting they explained the mechanics what would happen in the event of a shutdown. we are also told that they have been assured that there will not be a shutdown or that bondholders will not be honored, probably news of relief to them because they would be stuck holding bad paper, bad promises and that would just be bad period. so, the other details as to what we the public will get to know might be released from the treasury department itself after the market closes, even though that is not necessarily a sure thing. but in the event of a downgrade, all bets are off there. i will leave that off the table for the time-being. let's say we don't meet this deadline, allison, then you're faced with the possibility of the government having to get by on a lot less but not anything. in other words, money is still coming in. we still have taxes taken out of our paycheck and the government will be still getting into the vicinity of 170 to $172 billion each month. unfort
with big relief. from the brand doctors recommend most by name. new preparation h totables. the anywhere preparation h. a living, breathing intelligence that's helpi drive the future of business. in here, inventory can be taught to learn. ♪ machines have a voice. ♪ medical history follows you. it's the at&t network -- a network of possibilities... committed to delivering the most advced mobile broadband experience to help move business... forward. ♪ something that was drilled in me early on, you know, college is the place for you. it's my number one go. ♪ students like me, who take these ap math and science classes and have these opportunies, this is where the american dream lies. when i write that book, you know, i plan to dedicate it to my school. ♪ when i write that book, those hopes and dreams that you have, you know, they're within reach. and i'm living proof. >> greta: a democratic controlled senate killed the republican cut cap and and now speaker boehner's debt plan may to the headed straight stot gutter. harry reid promises to kill it if it heads to the senate. i'm sur
%. >> you're admitting the tea party won? >> certainly. the stuff they got in that big, i'll give them that. they won't win ultimately, but i'll give them. i'm saying in politics they don't understand there's a compromise. >> how did the tea party win? they won if the cut, cap and balance bill went over to the senate for approval. this one that boehner is marking up, who knows. true concerts ar conservatives , no way we trust you. >> the president is supposed to be in control and leading. he said, no short-term deals, i don't want any spending cuts, i want tax increases. he didn't get any of that. okay, maybe he doesn't get the short-term deal. i think that the tea party absolutely as we talked about deserves credit. here's my fear, though. we have a media that's so shocked that we still haven't gotten a deal. they're literally amazed by this. they'll be writing the headlines, and you'll see president obama in the rose garden signing a bill and they'll be so quick to glory for a him for this. he'll take credit as he's the one who did it. he's got a media riding shotgun until november to hel
Search Results 0 to 18 of about 19 (some duplicates have been removed)